Bloomberg report on the tensions between Saudi Arabia and Iran ... not all about the price of oil. Nope.
- Saudi Arabia is now offering a deal -- including its first output cut in eight years -- to boost prices
- Iran is dragging its feet
"Both countries are coming from different positions," said Jason Tuvey, Middle East economist at consulting firm Capital Economics. "Iran has been under sanctions until recently, so it's getting an economic boost as investment returns and oil output rises. Meanwhile, Saudi Arabia is facing steep fiscal cuts."
The oil meeting continues in Algeria
